California Housing Finance Agency | State of California Awards Financial Services Contract to Wells Fargo Bank N.a (May 2026)

Scope & details

The full contract record, as filed.

Contract amount

$32,640,000 tax-exempt construction loan and $28,963,035 taxable construction loan (total $61,603,035)

Contract type

FINANCIAL_SERVICES

Contract term

36 months interest-only plus two 6-month extensions

Renewal

Construction loans include two optional 6‑month extensions beyond the initial 36‑month term; they are expected to be taken out by CalHFA permanent and MIP loans at stabilization.

Document type

AgendaPacket

Source document

California Housing Finance Agency Public Meeting Agenda Packet 2026-05-21

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by California Housing Finance Agency | State of California?

Wells Fargo Bank N.a was awarded this financial services contract by California Housing Finance Agency | State of California, as recorded on May 21, 2026. The contract value is $32,640,000 tax-exempt construction loan and $28,963,035 taxable construction loan (total $61,603,035).

How much is the Wells Fargo Bank N.a contract with California Housing Finance Agency | State of California worth?

The Wells Fargo Bank N.a contract with California Housing Finance Agency | State of California is valued at $32,640,000 tax-exempt construction loan and $28,963,035 taxable construction loan (total $61,603,035), covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in California Housing Finance Agency Public Meeting Agenda Packet 2026-05-21 (AgendaPacket), dated May 21, 2026 from California Housing Finance Agency | State of California. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Wells Fargo Bank N.a hold?

Wells Fargo Bank N.a may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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What is California Housing Finance Agency | State of California currently buying?

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